Ryman’s dip a buying opportunity as Australian expansion looms, First NZ says

Thu, 15 Aug 2013

By Tina Morrison Aug 15 (BusinessDesk) – Ryman Healthcare, the retirement village operator whose shares are the second-best performer on New Zealand’s benchmark index this year, may exceed its expectations of 15 percent earnings growth, according to brokerage First NZ Capital, which rates the stock ‘outperform’. The slight pull-back in Ryman’s stock price since the company’s annual meeting on July 30 is an “attractive buying opportunity”, First NZ said in a research note published today. Ryman’s stock has dropped 2.8 percent this month, alth...

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